The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| ENACT HLDGS INC | COM | 29249E109 | 309,237,918 | 13,527,468 | SH | SOLE | N/A | 13,527,468 | 0 | 0 | |
| GUILD HLDGS CO | CL A | 40172N107 | 8,599,479 | 826,873 | SH | SOLE | N/A | 826,873 | 0 | 0 | |
| HOME PT CAPITAL INCORPORATED | COM | 43734L106 | 232,416 | 120,423 | SH | SOLE | N/A | 120,423 | 0 | 0 | |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | 31,826,560 | 178,400 | SH | Put | SOLE | N/A | 178,400 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | 121,401,615 | 3,776,100 | SH | Put | SOLE | N/A | 3,776,100 | 0 | 0 |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 67,549,350 | 165,000 | SH | Put | SOLE | N/A | 165,000 | 0 | 0 |
| SPDR SER TR | S&P REGL BKG | 78464A698 | 46,053,000 | 1,050,000 | SH | Put | SOLE | N/A | 1,050,000 | 0 | 0 |